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AlekseyPX
3 years ago
5

For an investment to be classified as a current​ asset, A. the investment must be easily convertible to cash. B. the investor mu

st intend to convert the investment to cash within one year or current operating​ cycle, whichever is​ longer, or use it to pay a current liability. C. both a and b must be met for the investment to be classified as a current asset. D. neither a or b are relevant to the classification of an investment as a current asset.
Business
1 answer:
Margaret [11]3 years ago
3 0

Answer:

<h2>For an investment to be considered as current asset,it has to be convertible into cash and within one year of business operation or current operating cycle,whichever is longer.Hence,the correct answer is option C.</h2>

Explanation:

In Business Studies or Accounting,current assets are identified as those assets which are normally convertible into cash value usually within 1 year of business operation and used to pay any current liability.Therefore,any short term investment in business which can be used or utilized during the regular business operation and converted into cash value within one year of operation can be termed as current assets.Therefore,to satisfy the conditions to qualify as current asset,any business investment has to be cash convertible which has to be conducted within one year of operation or the operating cycle,depending on their duration.

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4 0
1 year ago
Consider the following information about a simple country that produces two different goods: Year PriceMilk QuantityMilk Price C
Tema [17]

Answer:

Nominal GDP in 2014 was $1000

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Explanation:

Nominal GDP is the market value of goods and services produced in an economy, un-adjusted for inflation.

NGDP= Q x P

Where

Q= quantity

P= price

Nominal GDP in 2014

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Nominal GDP in 2015

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Nominal GDP in 2016

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7 0
3 years ago
As the workforce becomes more diverse, why does performance appraisal become a more difficult process?
Olenka [21]

Answer:

Performance appraisal in a company with diverse workforce becomes difficult because of some cultural biases that may exist between the manager, who is doing the appraisal, and the diverse workforce.  This problem becomes more acute if the manager is culturally biased and discriminatory by practise.

Explanation:

Company A can have a diverse workforce if it is made up of employees from culturally different places working together in the same workplace.  Bias often arises due to human cultural nuisances.  This becomes more obvious where managers are from some particular cultures while the employees are from mixed cultures.  In such situations, the managers need to be retrained to enable them embrace cultural diversity in the workplace and in performance evaluation.

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Answer:

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6 0
4 years ago
Hollister and Gladys do business as partners in Frothy Confections. For federal income tax purposes, Frothy Confections would be
BARSIC [14]
A a pass through entity I hope it ok
6 0
3 years ago
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